IDEAS home Printed from https://ideas.repec.org/a/pid/journl/v51y2012i4p303-316.html
   My bibliography  Save this article

Clean Development Mechanism (CDM) Business in Pakistan: Perceptions and Realities

Author

Listed:
  • Ajaz Ahmed

    (Climate Change and Development, Institute for Social and Environment Transition (ISET), Islamabad)

  • Aneel Salman

    (Ghulam Ishaq Khan Institute of Engineering Sciences and Technology, Swabi)

Abstract

Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC) is a milestone towards global carbon mitigation efforts which resulted in the establishment of carbon markets. Pakistan has ratified Kyoto Protocol in 1997 and implemented it in 2005. It contributes towards carbon mitigation in the form of Clean Development Mechanism (CDM). This market based mechanism is instituted to facilitate the greenhouse gases lessening through carbon trading. Present study is a policy paper and intends to investigate the status of CDM business (carbon trading) in Pakistan. Specifically paper covers the policy related issues of CDM in the light of existing practices, business created by carbon trading, obstacles in optimising the benefits, and loopholes in CDM policy at national level. Analysis is based on the empirical investigation of CDM business in Pakistan in the backdrop of its progress in developing region (Annex-II). Study has revealed very interesting insights to assist the CDM related policy in Pakistan. Moreover, it highlights the main issues related to CDM business. Analysis proposes few policy measures to eradicate the problems and boost the carbon trading in Pakistan.

Suggested Citation

  • Ajaz Ahmed & Aneel Salman, 2012. "Clean Development Mechanism (CDM) Business in Pakistan: Perceptions and Realities," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 51(4), pages 303-316.
    • Handle: RePEc:pid:journl:v:51:y:2012:i:4:p:303-316
    as

    Download full text from publisher

    File URL: http://www.pide.org.pk/pdf/PDR/2012/Volume4/303-316.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sir Nicholas Stern, 2006. "What is the Economics of Climate Change?," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 7(2), pages 1-10, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mohammad Umar & Anwar Hussain, 2015. "Micro Hydro Power: A Source of Sustainable Energy in Rural Communities: Economic and Environmental Perspectives," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(4), pages 487-505.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Waibel, Christoph & Evins, Ralph & Carmeliet, Jan, 2019. "Co-simulation and optimization of building geometry and multi-energy systems: Interdependencies in energy supply, energy demand and solar potentials," Applied Energy, Elsevier, vol. 242(C), pages 1661-1682.
    2. E. Carina H. Keskitalo & Sirkku Juhola & Lisa Westerhoff, 2012. "Climate change as governmentality: technologies of government for adaptation in three European countries," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 55(4), pages 435-452, July.
    3. Jonathan Portes & Simon Wren-Lewis, 2015. "Issues in the Design of Fiscal Policy Rules," Manchester School, University of Manchester, vol. 83, pages 56-86, September.
    4. Jonathan Portes & Simon Wren-Lewis, 2015. "Issues in the Design of Fiscal Policy Rules," Manchester School, University of Manchester, vol. 83, pages 56-86, September.
    5. Kornek, Ulrike & Klenert, David & Edenhofer, Ottmar & Fleurbaey, Marc, 2021. "The social cost of carbon and inequality: When local redistribution shapes global carbon prices," Journal of Environmental Economics and Management, Elsevier, vol. 107(C).
    6. Aditjandra, Paulus Teguh & Mulley, Corinne & Nelson, John D., 2013. "The influence of neighbourhood design on travel behaviour: Empirical evidence from North East England," Transport Policy, Elsevier, vol. 26(C), pages 54-65.
    7. Brock, William & Engström, Gustav & Xepapadeas, Anastasios, 2014. "Spatial climate-economic models in the design of optimal climate policies across locations," European Economic Review, Elsevier, vol. 69(C), pages 78-103.
    8. Karapetyan, Deanna & d'Adda, Giovanna, 2014. "Determinants of conservation among the rural poor: A charitable contribution experiment," Ecological Economics, Elsevier, vol. 99(C), pages 74-87.
    9. Streimikiene, Dalia & Alisauskaite-Seskiene, Ilona, 2014. "External costs of electricity generation options in Lithuania," Renewable Energy, Elsevier, vol. 64(C), pages 215-224.
    10. Gemechu, E.D. & Butnar, I. & Llop, M. & Castells, F., 2012. "Environmental tax on products and services based on their carbon footprint: A case study of the pulp and paper sector," Energy Policy, Elsevier, vol. 50(C), pages 336-344.
    11. Verónica Cecilia Gutman, 2009. "Climate change and incentives for investment in clean technologies: Can we correct the biggest market failure in history by creating more markets?," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 34(27), pages 11-35, January-j.
    12. Pablo Guerrero & Krista Lucenti & Sebastián Galarza S., 2009. "Trade Logistic and Regional Integration in Latin America & the Caribbean," IDB Publications (Working Papers) 9331, Inter-American Development Bank.
    13. Musso, Antonio & Rothengatter, Werner, 2013. "Internalisation of external costs of transport–A target driven approach with a focus on climate change," Transport Policy, Elsevier, vol. 29(C), pages 303-314.
    14. repec:ecr:col016:40117 is not listed on IDEAS
    15. Naeem Akram & Abdul Hamid, 2015. "Climate change: A threat to the economic growth of Pakistan," Progress in Development Studies, , vol. 15(1), pages 73-86, January.
    16. Monasterolo, Irene & Raberto, Marco, 2018. "The EIRIN Flow-of-funds Behavioural Model of Green Fiscal Policies and Green Sovereign Bonds," Ecological Economics, Elsevier, vol. 144(C), pages 228-243.
    17. Bardt, Hubertus & Feld, Lars P. & Konrad, Kai A. & Thum, Marcel & Buchholz, Wolfgang & Rübbelke, Dirk & Hey, Christian & Holm-Muller, Karin & Weber, Michael & Pethig, Rudiger & Weimann, Joachim & Goes, 2011. "Emissionsvermeidung oder Anpassung an den Klimawandel: Welche Zukunft hat die Klimapolitik?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 64(05), pages 3-29.
    18. Peter Taylor-Gooby, 2008. "Sociological approaches to risk: strong in analysis but weak in policy influence in recent UK developments," Journal of Risk Research, Taylor & Francis Journals, vol. 11(7), pages 863-876, October.
    19. Zhu, Xueqin & Smulders, Sjak & de Zeeuw, Aart, 2019. "Discounting in the presence of scarce ecosystem services," Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
    20. Withers, Mitch R. & Malina, Robert & Barrett, Steven R.H., 2015. "Carbon, climate, and economic breakeven times for biofuel from woody biomass from managed forests," Ecological Economics, Elsevier, vol. 112(C), pages 45-52.
    21. Jorge Iván González, 2016. "Sentimientos y racionalidad en economía," Books, Universidad Externado de Colombia, Facultad de Economía, edition 1, number 75, March.

    More about this item

    Keywords

    UNFCCC; Kyoto Protocol; Clean Development Mechanism (CDM); Carbon Trading; Climate Change; Mitigation; Certified Emission Reductions (CERs); Designated National Authority (DNA);
    All these keywords.

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pid:journl:v:51:y:2012:i:4:p:303-316. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Khurram Iqbal (email available below). General contact details of provider: https://edirc.repec.org/data/pideipk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.